KPMG Financial Reporting podcast

In this episode of Insurance Insights, we dissect the highly anticipated outcomes of the NAIC 2026 Summer meeting. As regulators increasingly connect the dots between accounting, actuarial and capital treatments, insurers face a rapidly shifting landscape. • 1:35 - Interest Maintenance Reserve and reinsurance • 07:25 - Asset-Liability Management derivatives • 10:00 - Fair value disclosures and other accounting updates • 23:15 - Actuarial developments: VM-22 and portfolio segmentation • 31:30 - Risk-Based Capital (RBC) and AI regulation

The SEC's agenda is set to reshape the landscape of public company reporting. With major proposals on the table that could alter everything from reporting frequency to filer status definitions and offering rules, how can finance leaders prepare for what's next? In this episode, host Melissa Rocha is joined by Brian Breheny, a partner at Skadden and former SEC deputy director who oversaw the rulemaking process. Brian offers a deep dive on how SEC rules get made - from concept release to final adoption - and offers his perspective on the current proposals for semiannual reporting, filer status, registered offerings and the modernization of Regulation S-K. • 00:25 – Introductions • 01:40 – What's different about the SEC's current rulemaking environment? • 04:50 – The rulemaking process explained: From concept release to final rule • 10:55 – The role of commissioners and the White House in the process • 15:15 – Deep dive: The semiannual reporting proposal • 21:45 – Deep dive: Proposed changes to filer status definitions • 26:05 – Deep dive: The registered offering reform proposal • 32:55 – What to expect from the Regulation S-K modernization initiative • 35:30 – How management and audit committees should prioritize their focus

Explore the NAIC's focus on AI governance, IMR and updates to RBC for insurers. 00:20 - Shaping the future: NAIC's 2026 strategic priorities 04:15 - The new rules of accounting: IMR and hedging derivatives 14:15 - Capital under the microscope: CLOs and RBCs 19:40 - Actuarial frontiers: Navigating VM-22 updates 21:20 - Regulating the tech era: AI governance and vendor oversight 29:15 - Final takeaways: Preparing for regulatory change

What if we told you that you've been using derivatives and hedging your whole life? Agreeing to buy concert tickets for a show six months away? That's a derivative. Putting a deposit down on a new car? Also a derivative. In this episode of our By Analogy series, we argue that nearly every forward-looking decision you make is a derivative in its purest form, a bet where the payoff depends on something else in the future. Plus, we'll show you how the logic you might use to hedge a risky dinner order is the same logic CFOs use to manage billions of dollars in risk. Join host Nick Tricarichi and KPMG partners, Patrick Garguilo and Mahesh Narayanasami, as they break down these intimidating financial tools using simple, everyday analogies.

In this episode, host Nick Tricarichi is joined by KPMG Partner Nick Burgmeier. Together, they provide a strategic playbook for financial leaders, deconstructing the portfolio company lifecycle and revealing how to make the critical accounting choices that pave the way for a smooth and valuable exit, whether it's an IPO, a strategic sale or a continuation fund.